March 1 2013Bonita Spring Estero Real Estate Market Report Chris Griffith w The Griffith Group w 239-273-7430Downing Frye ...
Bonita Springs Market Report       March 1, 2013
Bonita Bay Historical Real Estate sales               February 2004-February 2013Bonita Bay closedsale volumes haverebound...
What Price Range Sold in Bonita Bay?A healthy number ofsales closed overthe $1M price thismonth.There were no salesclosed ...
Current Bonita Bay Real Estate    Inventory and Absorption RatesThis is the anticipatedtime it would take to sell         ...
A Decade of Historical Bonita    Springs Florida Real Estate SalesClosed sales haveleveled off and areslightly lower thanl...
What is The Condition of BonitaSprings Florida Real Estate Sales?How distressed isreal estate in BonitaSprings and EsteroF...
How Bonita Springs Real Estate is Paid ForCash remains kingwith about 70% ofall real estateclosed sales beingfunded with c...
What Price Range of Bonita Springs  Florida Real Estate is Selling?City wide about 80%of all closed saleswere under the$40...
Current Bonita Springs Real Estate  Inventory and Absorption RatesStatistics were gatheredfrom the Sunshine MLSon March 2,...
Did You Miss The Real Estate Boat?Entry Level  PricesAre Rising!                             The Deals Remain             ...
www.LifeInBonitaSprings.comwww.Facebook.com/BonitaSprings   www.Twitter.com/ChrisGriffithFL
For More Information about BonitaSprings and Estero Florida Real Estate …Visit www. LifeInBonitaSprings.com to view market...
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Bonita Bay Real Market Report March 1 2013

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Bonita Bay Real Market Report March 1 2013

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Bonita Bay Real Market Report March 1 2013

  1. 1. March 1 2013Bonita Spring Estero Real Estate Market Report Chris Griffith w The Griffith Group w 239-273-7430Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com chris@LifeInBonitaSprings.com
  2. 2. Bonita Springs Market Report March 1, 2013
  3. 3. Bonita Bay Historical Real Estate sales February 2004-February 2013Bonita Bay closedsale volumes haverebounded andare now matchingpre-housing crisisnumbers.The salesaverages, bothhigh and low echothe highs and lowof the over all realestate market.
  4. 4. What Price Range Sold in Bonita Bay?A healthy number ofsales closed overthe $1M price thismonth.There were no salesclosed in thechallenged 600-800price range. It’s agreat price range tonegotiate deals as abuyer.
  5. 5. Current Bonita Bay Real Estate Inventory and Absorption RatesThis is the anticipatedtime it would take to sell Single Family Homes-Villas – 19.3 Monthsexisting inventory.Six months is considered Low Rise Condominiums – 9.5 Monthsa balanced market. Mid Rise Condominiums – 11.25 MonthsWe do have a largeamount of High Rise Condominiums – 16.7 Monthspending/pending-contingent propertiesskewing the market Attached Villas – 7.6 Monthsstatistics so the monthsof current inventorywould be far less if they Statistics were gathered from the Sunshine MLS on March 3, 2013.weren’t in the equation.
  6. 6. A Decade of Historical Bonita Springs Florida Real Estate SalesClosed sales haveleveled off and areslightly lower thanlast year but at thistime and nearly atthe healthy 2004sales levels.Sales have beensteady andinventory remainsrather thin in entrylevel pricedproperties under$400,000 whichaccounts for 80% ofsales.
  7. 7. What is The Condition of BonitaSprings Florida Real Estate Sales?How distressed isreal estate in BonitaSprings and EsteroFlorida?The level of soldforeclosures is lowbut the short salesare at very lowlevels compared torecent months, also.Foreclosureproperties sellquickly andexperience multipleoffers when they docome to the market.
  8. 8. How Bonita Springs Real Estate is Paid ForCash remains kingwith about 70% ofall real estateclosed sales beingfunded with cash.For those who arelooking foralternativefinancing such asowner financing orprivate hardmoney, thenumbers areparticularly slim.
  9. 9. What Price Range of Bonita Springs Florida Real Estate is Selling?City wide about 80%of all closed saleswere under the$400K price point.The 600-800K pricepoint accounts forabout 1.7% of allclosed sales (purple).A dismal statistic forthat price range.A total of 137 +/-properties wereclosed sale in BonitaSprings and EsteroFlorida during themonth of Feb 2013.
  10. 10. Current Bonita Springs Real Estate Inventory and Absorption RatesStatistics were gatheredfrom the Sunshine MLSon March 2, 2013. Single Family Homes-Villas – 11.6 Months (h .6 mo.)This is the anticipated Low Rise Condominiums – 10.5 Monthstime it would take to sellexisting inventory. (34 .4 mo.) Mid Rise Condominiums – 19.5 MonthsSix months is considered (h .5 mo.)a balanced market. We High Rise Condominiums – 15.7 Monthsdo have a large amountof pending/pending- (h .9 mo.)contingent properties Attached Villas – 9.7 Monthsskewing the marketstatistics so the months (h 1.4 mo.)of current inventory Manufactured Homes – 13 Monthswould be far less if they (i .5 mo.)weren’t in the equation.
  11. 11. Did You Miss The Real Estate Boat?Entry Level PricesAre Rising! The Deals Remain in $600,000 and Up Priced Real Estate!
  12. 12. www.LifeInBonitaSprings.comwww.Facebook.com/BonitaSprings www.Twitter.com/ChrisGriffithFL
  13. 13. For More Information about BonitaSprings and Estero Florida Real Estate …Visit www. LifeInBonitaSprings.com to view market statistics, current listings and toSearch for Homes http://lifeinbonitasprings.com/about/search-mls to view realestate market reports from month prior visit:http://lifeinbonitasprings.com/category/bonita-springs-market-reportStatistics were gathered from the Sunshine MLS on March 2, 2013.All information is deem accurate, not guaranteed and subject to change. Check thedate on this report for freshness. If you have questions regarding your particularneighborhood, your street or your home specifically you’re welcome to contact us fora current market report.Real estate consumers that read this website are urged to seek independent,professional legal, real estate and financial advice before engaging in anytransaction. All information is deemed, accurate, subject to change and notguaranteed.
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